【$ETH Signal】Hold a Short Position — Weak Rebound, Deep Imbalance but Trend Unchanged

$ETH Is experiencing a weak rebound after a sharp decline, with the price suppressed below EMA20 (1998). The overall trend remains clearly downward.

🎯Direction: Short (NoPosition)

Current rebound momentum is insufficient, with only 0.52% buy volume on the 4H timeframe, indicating weak bullish strength. Depth data shows buy orders are accumulating (imbalance at 61.83%), but the price cannot break through effectively, suggesting more of a trap or passive support rather than active attack.

OI trend is stable, funding rate is slightly positive (0.0022%), with no signs of short squeeze or large-scale position building by major players. RSI (42.45) is in the weak zone, and the rebound has not reached the 50 midline, indicating insufficient bullish momentum.

Key resistance levels are near EMA20 (1998) and the previous 4H high at 1987. Until the price effectively breaks above EMA20 with rising OI and buy volume ratio consistently above 0.55, any rebound should be viewed as a correction within a downtrend. The core risk management strategy is to wait for clearer signals of supply and demand structure shifts.

Trade here: 👇 $ETH

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